The workplace landscape has fundamentally changed. Remote work, talent shortages and shifting employee expectations have upended traditional approaches to managing people. Companies that once viewed HR as a back-office function now recognize its strategic importance in navigating today’s business challenges.  

HR transformation has moved from buzzword to business necessity, becoming a key differentiator between organizations that adapt and those that fall behind. This article discusses the fundamentals of HR transformation, its key benefits and how leaders can determine the right transformation approach for their organizations. 

What is HR transformation? 

At its core, HR transformation reinvents how people processes support and drive business strategy. It’s not just about buying new software or reshuffling the HR team—it’s a fundamental rethinking of how HR delivers value to employees and the organization. 

“Clients that have embraced the process of transformation has seen a complete 360 in the value of the people function, benefiting their employees, managers and leadership teams.   Status quo is just not acceptable in our current work environment.” – Jill Pappenheimer, Partner – HR Consulting 

When you strip away the jargon, HR transformation focuses on several practical dimensions: 

• Connecting people strategies directly to business goals 
• Reimagining how HR services reach employees 
• Leveraging technology that solves real problems 
• Using workforce data to make smarter decisions 
• Creating experiences that attract and keep great talent 
• Building new capabilities in the HR team 

Successful transformation moves HR from administrative to shaping business strategy—from reactive to proactive, from cost center to value creator. 

Benefits of HR transformation 

Companies that commit to meaningful HR transformation see tangible returns that extend far beyond the HR department. 

Freedom from administrative quicksand 

First, transformation frees HR teams from administrative quicksand. By streamlining routine tasks through automation and self-service options, HR professionals can focus on work that truly matters. This shift helps tackle pressing challenges like labor shortages while reinventing talent strategies and the employee value proposition. 

Data-driven clarity 

Second, it brings clarity through data. Forward-thinking HR leaders have embraced analytics as a cornerstone of modern strategy. When you replace gut feelings with solid workforce insights, you make decisions that stick and build credibility with the rest of the organization. 

Enhanced employee experience 

Third, transformation elevates the employee experience. Today’s talent expects consumer-grade interactions with HR—intuitive, personalized and accessible. Meeting these expectations directly impacts retention, which has become a critical priority for organizations facing unprecedented talent challenges in today’s competitive market. 

Strategic repositioning 

Finally, transformation repositions HR as a strategic player. Instead of operating on the sidelines, HR becomes central to driving business outcomes, from productivity improvements to innovation initiatives. 

Determining your HR transformation approach 

No two transformation journeys look alike. Your path depends on your organization’s specific challenges, culture and goals. Start with these practical considerations: 

• Take an honest look at your current HR capabilities compared to where you need to be. Identify the gaps in your processes, technologies and team skills. This assessment provides the foundation for your transformation roadmap. 

• Set specific objectives tied directly to business priorities. Whether you’re targeting faster hiring, better decision-making or improved employee engagement and accountability, concrete goals keep your transformation on track and measurable.  

• Choose technology that actually solves your problems. The right systems bring your vision to life by automating tedious processes, reducing hiring timelines and improving onboarding experiences. Look beyond traditional HR systems to emerging tools like talent marketplaces that connect employees to internal opportunities and skills platforms that map your workforce capabilities. 

• Bring people along on the journey. Even the best transformation plan fails without stakeholder support. Involve executives early to secure their buy-in and insights. Create meaningful ways for employees to shape the process through feedback and dialogue. Maintain open communication about what’s changing and why it matters. 

Transform your HR function with BPM  

BPM combines deep HR knowledge with practical technology experience to guide your transformation journey. We understand the real-world challenges of reimagining HR functions. We build solutions that address your specific business needs. 

Ready to move your HR transformation from concept to reality? Contact us today for a no-obligation assessment of your HR function. Our team will help you identify practical opportunities and develop a roadmap that aligns with your business goals. 

Who this applies to: Any business exchanging, transferring, storing, or issuing digital assets for California residents must obtain licensing by July 1, 2026, under California’s Digital Financial Assets Law (DFAL). This includes centralized exchanges, custodial wallet providers, stablecoin issuers, and crypto broker-dealers. 

What you need to know: The law establishes comprehensive licensing requirements, ongoing compliance obligations, and annual reporting standards that will fundamentally reshape how digital asset businesses operate in California’s market. 

If your digital asset business serves California residents, the clock is ticking. California’s Digital Financial Assets Law will take effect July 1, 2026, creating one of the most comprehensive state-level regulatory frameworks for cryptocurrency and digital asset businesses in the United States. 

With California representing roughly 12% of the U.S. population and a significant portion of crypto adoption, compliance isn’t optional—it’s essential for maintaining access to this critical market. The law affects everyone from major exchanges to smaller custodial services, and the penalties for noncompliance are substantial, including fines up to $100,000 per day. 

Understanding California’s digital asset licensing requirements 

Who needs a license 

The DFAL casts a wide net over “digital financial asset business activity,” which includes: 

• Exchange services – Converting crypto-to-crypto or crypto-to-fiat for customers 
• Transfer services – Facilitating digital asset transactions between parties 
• Storage and custody – Holding digital assets on behalf of customers 
• Stablecoin issuance – Creating tokens designed to maintain stable value against fiat currency 

If your business engages in any of these activities with California residents, you’ll likely need a license from the Department of Financial Protection and Innovation (DFPI). 

Key exemptions to know about 

The law provides exemptions for 17 categories of entities, including: 

• FDIC-insured banks and federal credit unions  
• Licensed trust companies 
• Merchants accepting crypto solely as payment for goods and services  
• Businesses with annual California transaction volumes under $50,000  
• Pure technology providers offering only connectivity or data storage services 

However, these exemptions are narrow. Most businesses actively facilitating digital asset transactions for customers will need to pursue licensing. 

Conditional licensing pathway 

If you already hold a New York BitLicense or limited purpose trust company charter (issued before January 1, 2023), you may qualify for conditional licensing. This provides a streamlined path while your full California application is under review, but you’ll still need to pay all fees and submit required documentation. 

Building your compliance framework 

Required policies and procedures 

Before submitting your license application, you must establish comprehensive programs covering: 

Information security and operational security Your cybersecurity framework must address the unique risks of digital asset custody and transaction processing, including multi-signature controls, cold storage protocols, and incident response procedures. 

Business continuity and disaster recovery These programs must address both traditional business disruptions and crypto-specific scenarios, such as blockchain network outages or smart contract failures. 

Anti-fraud and AML/CFT programs Your anti-money laundering program must comply with both federal BSA/FinCEN requirements and California-specific obligations, including robust customer identification, transaction monitoring, and suspicious activity reporting. 

Legal compliance program This should address evolving federal and state regulations affecting digital assets, including securities law considerations for token listings. 

Financial requirements and consumer protections 

Licensed entities must maintain adequate capital and liquidity as determined by DFPI regulation. More importantly, you must hold all customer assets—both digital and fiat—in segregated statutory trusts, fully reserved to meet customer withdrawal demands at any time. 

This “full reserve” requirement represents a significant departure from traditional fractional reserve banking and requires careful cash flow management and balance sheet planning. 

Navigating token listing requirements 

Before offering any new digital asset to customers, you must certify to the DFPI that you’ve completed several critical assessments: 

• Securities analysis – Evaluate whether the asset might be deemed a security by federal or California regulators  
• Conflict disclosure – Provide written disclosure of any material conflicts of interest  
• Comprehensive risk assessment – Address cybersecurity risks, theft potential, code defects, and market manipulation risks  
• Ongoing monitoring procedures – Establish policies for reevaluating and potentially delisting assets 

Violations of listing requirements can result in penalties of $20,000 per day, making thorough due diligence processes essential. 

Annual reporting and assurance requirements 

Financial reporting obligations 

Between October 1 and November 1 each year, you must submit detailed reports to the DFPI including: 

• Audited financial statements (if California digital asset revenue exceeds $2 million) or CPA-reviewed statements (for smaller operations)  
• Documentation of any material changes in financial condition  
• Details on litigation, investigations, and regulatory actions  
• Transaction volume and customer count data  
• Evidence of compliance with reserve and capital requirements 

Required professional services 

The annual reporting requirements create ongoing needs for specialized professional services: 

GAAP financial audit or review Licensed businesses need either full audited financial statements or CPA-reviewed statements, depending on revenue thresholds. These engagements must properly account for digital asset holdings and customer liabilities under evolving accounting standards. 

AML program testing Independent testing of your anti-money laundering controls helps demonstrate ongoing compliance with federal and state requirements, covering customer identification, transaction monitoring, and sanctions screening. 

Proof-of-reserve attestation CPA examination or agreed-upon procedures engagements verify that your on-chain crypto and fiat reserves match customer liabilities, providing regulatory evidence of full-reserve compliance. 

Special considerations for stablecoin issuers 

Stablecoin issuance faces additional scrutiny under the DFAL. Only licensed entities, regulated banks and trust companies, or issuers with explicit DFPI approval can issue stablecoins in California. 

Reserve requirements for stablecoins 

Stablecoin issuers must maintain 100% backing in high-quality liquid assets, including: 

• Insured bank deposits  
• U.S. Treasury securities or agency bonds 
• Rated U.S. state and municipal bonds 

The DFPI commissioner must approve each stablecoin before it can be exchanged, transferred, or held in custody, considering factors such as redemption rights, asset quality, and issuer representations about risks and uses. 

Preparing for DFPI examination and oversight 

The DFPI has broad examination authority over licensees, with power to conduct on-site or remote examinations at any time. Licensed entities will also pay annual assessments to fund the department’s oversight activities. 

Building examination readiness into your compliance framework from the start will help streamline future regulatory interactions and demonstrate your commitment to ongoing compliance. 

Taking action on California compliance 

The 18-month implementation period provides time to prepare, but the comprehensive nature of these requirements means starting your compliance planning now is critical. Key immediate steps include: 

• Conducting a gap analysis against current operations to identify needed changes  
• Engaging qualified legal counsel specializing in digital asset regulation  
• Building relationships with CPAs experienced in crypto accounting and attestation services 
• Developing detailed implementation timelines to meet the July 2026 deadline 

California’s Digital Financial Assets Law represents a significant step toward comprehensive digital asset regulation. While compliance will require substantial investment in systems, controls, and professional services, it also provides regulatory clarity that can support business growth and customer confidence. 

The firms that proactively address these requirements will be best positioned to thrive in California’s regulated digital asset marketplace, while those that delay may find themselves scrambling to maintain market access or facing significant penalties. 

Ready to navigate California’s digital asset compliance requirements? BPM’s digital asset practice helps cryptocurrency businesses build robust compliance frameworks and meet ongoing regulatory obligations. Contact us today to discuss how we can support your California licensing and annual compliance needs. 

If you’re an HR leader, you’ve likely been bombarded with AI promises that sound too good to be true. “Transform your workforce overnight!” “Eliminate bias completely!” “Automate everything!” The reality is more nuanced—and frankly, more interesting.  

While AI will indeed reshape HR in profound ways, the organizations succeeding aren’t chasing every shiny new tool. They’re taking a strategic, measured approach that prioritizes real business outcomes over technological novelty. 

As we navigate 2025, AI has moved from an experimental curiosity to a business imperative. Gartner’s latest research shows that 74% of CEOs now view AI as the technology that will most significantly impact their industry—a dramatic increase from just 21% in 2023. But here’s what the headlines don’t tell you: the gap between AI adoption and AI success is widening. The difference lies in implementation strategy, not technology capability. 

The two-speed AI transformation: Finding your pace 

Not every organization needs to sprint toward AI transformation. In fact, rushing can be counterproductive. Your approach should align with your industry dynamics, organizational culture, and strategic objectives. Understanding these two distinct paces can help you chart the right course. 

Steady AI pace: Building foundations for sustainable growth 

If your industry isn’t being disrupted overnight and you have the luxury of time, a steady pace might be your competitive advantage. This approach allows you to: 

• Develop comprehensive AI literacy programs across your workforce 
• Identify high-impact, low-risk use cases for initial implementation 
• Build robust change management frameworks before widespread deployment 
• Create thorough compliance and governance structures 

Organizations following this path are choosing to focus on repetitive, time-consuming tasks first. Think resume screening, basic employee inquiries, or scheduling coordination. These applications provide immediate value while building organizational confidence with AI tools. 

Accelerated AI pace: Competing in AI-first industries 

If your industry is already being transformed by AI, or if becoming AI-first is central to your competitive strategy, acceleration becomes necessary. This requires: 

• Redesigning entire HR service delivery models around AI capabilities 
• Implementing workforce AI skills development at scale 
• Establishing AI agent partnerships across HR functions 
• Creating rapid iteration cycles for AI tool deployment 

The key isn’t just moving faster—it’s moving smarter. Accelerated adoption without proper change management often leads to employee resistance and failed implementations. 

Game-changers vs. gimmicks: Where AI actually delivers value 

Not all AI applications are created equal. After working with numerous organizations through their AI journeys, I’ve observed clear patterns in what works and what doesn’t. 

Applications that drive real ROI 

Intelligent talent acquisition AI-powered recruitment tools that go beyond keyword matching can identify candidates with the right skill combinations and cultural fit indicators. The ROI comes from reduced time-to-hire and improved retention rates, not just processing more applications faster. 

Predictive workforce analytics Using AI to analyze patterns in employee data helps predict turnover risk, identify high-potential employees, and optimize workforce planning. Organizations report 15-25% improvements in retention when implementing predictive analytics thoughtfully. 

Personalized learning and development AI can create individualized learning paths based on role requirements, skill gaps, and career aspirations. This personalization leads to higher engagement and faster skill development compared to one-size-fits-all programs. 

Gimmicks that promise more than they deliver 

Emotion-detecting interview software While technically impressive, these tools often introduce bias rather than eliminate it. The correlation between facial expressions and job performance remains questionable at best. 

Fully automated performance reviews AI can support performance management, but replacing the human element entirely often creates more problems than it solves. Employees need personalized connection, regular check-ins, candid feedback, and situational context in performance conversations. 

Universal AI chatbots Generic AI assistants that try to handle all HR inquiries often frustrate employees with inadequate responses. Focused, well-trained AI tools typically deliver better results. 

Navigating compliance in an AI-driven world 

AI implementation in HR isn’t just about technology—it’s about responsibility. With new regulations emerging, such as Colorado’s upcoming AI transparency laws, compliance considerations are becoming increasingly complex. 

Key compliance considerations for HR AI 

Transparency requirements You’ll need to clearly communicate when and how AI is being used in HR decisions. This includes job postings, candidate screening, and employee evaluations. Documentation becomes critical for audit purposes. 

Bias monitoring and mitigation Regular testing of AI systems for discriminatory outcomes is becoming a legal requirement, not just a best practice. This means establishing ongoing monitoring processes, not just initial testing. 

Data governance and privacy AI systems require extensive data to function effectively, but this data must be collected, stored, and used in compliance with privacy regulations. Consider data minimization principles and employee consent requirements. 

Managing the human side of AI transformation 

The technical implementation of AI is often straightforward compared to managing its human impact. According to recent Gartner research, worker resistance to change remains the top barrier to achieving productivity gains from AI usage.  Ensure your plan includes communication and change management initiatives focused on understanding and adoption. 

Building AI literacy across your workforce 

AI literacy isn’t just about technical skills—it’s about understanding AI’s capabilities, limitations, and ethical implications. Your workforce needs to know: 

• How AI tools can enhance their daily work 
• When to trust AI recommendations and when to apply human judgment 
• How to identify potential biases or errors in AI outputs 
• The ethical considerations surrounding AI use in their roles 

Creating communities of practice 

The most successful AI transformations leverage internal champions who can drive change from within. Building communities of practice around AI adoption helps: 

• Share best practices across departments 
• Identify implementation challenges early 
• Create peer-to-peer learning opportunities
• Build momentum for broader adoption 

Measuring AI success: Beyond vanity metrics 

ROI measurement for AI initiatives requires looking beyond surface-level metrics. Time saved or tasks automated tell only part of the story. 

Meaningful metrics for AI success 

Employee experience improvements 

• Reduction in time spent on administrative tasks 
• Increased satisfaction with HR service delivery 
• Faster resolution of employee inquiries 

Business impact measurements 

• Improved quality of hire through better candidate matching 
• Reduced turnover through predictive analytics 
• Enhanced learning outcomes through personalized development 

Organizational capability building 

• Increased AI literacy across the workforce 
• Successful change management outcomes
• Improved data-driven decision making 

The path forward: Strategic implementation over technological enthusiasm 

Successful AI integration in HR requires balancing technological capability with human-centered design. Your approach should prioritize outcomes over outputs, focusing on how AI can enhance human potential rather than replace it. 

The organizations that thrive in this AI-driven future won’t be those that adopt every new tool, but those that thoughtfully integrate AI in ways that align with their values, culture, and strategic objectives. This requires ongoing investment in change management, workforce development, and ethical governance. 

Remember, AI transformation isn’t a destination—it’s an ongoing journey of learning, adapting, and improving. The key is starting with clear objectives, measuring meaningful outcomes, and maintaining focus on the human elements that make your organization unique. 

Ready to move beyond AI hype to real implementation? At BPM, we understand that successful AI integration requires more than just technology—it requires strategic thinking, change management, and a deep understanding of your unique organizational context. Our team can help you develop and implement an AI strategy that drives real business value while maintaining focus on your most important asset: your people. Contact us today to discuss how we can support your AI transformation journey. 

For organizations of all sizes, staying on top of your financial performance is more critical than ever. Whether you’re managing a large corporation or running a privately held company, your monthly financial close process can make the difference between reactive firefighting and proactive strategic planning. 

The monthly financial close—the routine of reviewing transactions, reconciling accounts, and finalizing financial statements each month—often gets pushed to the back burner. Yet this fundamental process has a profound impact on your ability to make informed decisions, manage cash flow, and maintain organizational credibility. 

The hidden cost of slow financial closes 

Many companies struggle with extended close cycles, with research showing that businesses using manual spreadsheet-heavy processes take an average of 8.2 days to close their books, while 58% of businesses take six days or more. This delay isn’t just an accounting inconvenience—it’s a strategic handicap that affects every aspect of your business. 

When your financial close drags on for weeks, you’re essentially flying blind. Business owners and executives rely on last month’s financials as a starting point to make business decisions for the upcoming month. The longer your close takes, the more outdated your decision-making foundation becomes. 

Consider the compounding effects: 

• Missed opportunities: Market conditions change rapidly, and delayed financial insights mean missed chances to capitalize on trends 
• Resource misallocation: Without timely data, you might continue investing in underperforming areas while starving profitable segments
• Stakeholder frustration: Investors, lenders, and board members expect timely reporting, and delays can erode confidence 

Supporting better business decisions with timely insights 

A fast financial close transforms your monthly numbers from historical artifacts into actionable intelligence. When you can deliver accurate financial statements within days of month-end, you create space for meaningful analysis and strategic adjustments. 

This timing advantage becomes especially valuable when you’re navigating challenging periods. Economic uncertainty, supply chain disruptions, or competitive pressures require agile responses based on current data—not last month’s assumptions. 

Your management team can identify concerning trends early, whether that’s declining gross margins, unexpected expense spikes, or shifting customer payment patterns. More importantly, you have time to implement corrective measures while they can still impact the current quarter’s results. 

Improving cash flow management and operational efficiency 

Cash flow remains the lifeblood of any business, and a quicker close helps you see what’s coming in and going out each month, allowing you to manage cash more proactively. This visibility proves invaluable when you’re making critical decisions about: 

• Vendor payments: Optimize payment timing to take advantage of early payment discounts while maintaining healthy cash reserves 
• Collections strategy: Identify slow-paying customers quickly and implement collection procedures before accounts become problematic
• Investment planning: Make informed decisions about equipment purchases, expansion projects, or strategic investments 
• Credit facility management: Maintain optimal borrowing levels and avoid unnecessary interest expenses 

The compounding effect of improved cash flow management often surprises business owners. What starts as better monthly reporting evolves into more sophisticated treasury management and ultimately stronger financial performance. 

Maintaining stakeholder confidence and regulatory readiness 

In today’s business environment, financial transparency isn’t optional—it’s expected. Whether you’re dealing with lenders, investors, auditors, or regulatory bodies, the ability to produce accurate financial statements quickly demonstrates operational maturity and financial discipline. 

Banks and lending institutions particularly value borrowers who can provide current financial statements promptly. This capability can: 

• Streamline loan applications: Reduce approval timeframes and potentially secure better terms 
• Support credit line increases: Demonstrate the financial stability needed for expanded borrowing capacity
• Facilitate investor relations: Build confidence with current and prospective investors through consistent, timely reporting 

For businesses subject to regulatory oversight, fast closes help maintain compliance without the stress of last-minute scrambling. You can address any issues calmly and systematically rather than under the pressure of looming deadlines. 

Reducing errors through systematic processes 

The closing process is infamously labor-intensive and repetitive, with hours or days spent transferring numbers and double-checking calculations, making errors more likely when processes rely heavily on manual data entry. A fast, well-organized close process naturally reduces these errors through several mechanisms: 

Standardized procedures 

When your team follows consistent monthly procedures, they develop expertise and catch potential issues before they become major problems. This systematic approach reduces the reliance on institutional memory and minimizes the risk of overlooked steps. 

Real-time error detection 

By implementing automation and maintaining updated monthly financial reports, you can identify discrepancies and errors early in the process rather than discovering them during year-end closing. This early detection saves countless hours of investigation and correction later. 

Quality assurance checkpoints 

Fast close processes typically incorporate multiple review stages, creating natural quality control points throughout the month rather than relying on a single comprehensive review at month-end. 

Freeing resources for strategic value creation 

Perhaps the most significant benefit of an efficient monthly close is the time and mental energy it returns to your organization. Fifty-six percent of accounting professionals report working longer hours during month-end close periods, creating a cycle of burnout and reduced productivity. 

When you streamline your close process, you transform your finance team from transaction processors into strategic business partners. This shift enables: 

• Enhanced financial analysis: Deep dives into performance drivers, variance analysis, and trend identification 
• Improved budgeting and forecasting: More time for thoughtful planning and scenario modeling 
• Process improvement initiatives: Ongoing refinement of financial systems and procedures 
• Strategic project support: Finance team involvement in M&A activities, system implementations, or expansion planning 

Building toward continuous close excellence 

Leading companies are moving toward a continuous close approach by reconciling accounts daily or weekly instead of waiting until the end of the period. This evolution represents the pinnacle of close process maturity, where month-end becomes a simple final review rather than a intensive reconciliation exercise. 

Organizations pursuing continuous close typically see: 

• Reduced month-end stress: Teams work at a sustainable pace throughout the month 
• Improved accuracy: Smaller, more frequent reconciliations catch errors quickly 
• Enhanced business partnership: Finance teams can focus on forward-looking analysis rather than historical correction 

The path forward: taking action on close optimization 

Improving your monthly financial close doesn’t require a complete organizational overhaul. Start with these foundational steps: 

1. Document current processes: Map existing workflows to identify bottlenecks and improvement opportunities 

2. Standardize procedures: Create detailed checklists and standard operating procedures for all close activities 

3. Implement technology solutions: Evaluate automation opportunities that offer the highest return on investment 

4. Establish performance metrics: Track close cycle time and accuracy to measure improvement over time 

5. Foster continuous improvement: Regular team retrospectives can identify ongoing refinement opportunities 

The investment you make in accelerating your financial close pays dividends far beyond the accounting department. Faster, more accurate financial reporting enables better decision-making, stronger stakeholder relationships, and ultimately improved business performance. 

Ready to transform your monthly financial close process? BPM’s accounting and advisory professionals can help you implement the systems and procedures needed to accelerate your close while improving accuracy and compliance. Contact us today to discuss how we can support your organization’s financial reporting goals. 

If you’re reading this, you’re likely overwhelmed by constant IT issues and endless support tickets. Don’t worry; you’re not alone.  

Many businesses reach a tipping point where the daily tech headaches—slow systems, security worries, and a backlog of help desk requests—start to get in the way of real business progress. You know you need help, but finding the right managed IT service company can feel just as daunting. 

This guide is designed for you: the business leader who’s ready to take IT off your or your team’s plate and put it in the hands of a trusted managed IT provider. Here, you’ll find practical advice on what to look for, what questions to ask, and how to make sure your managed IT provider truly supports your business goals, so you can get back to focusing on what matters most. 

Key qualities and skills to look for a Managed IT Provider 

Choosing an managed IT provider is a pivotal decision for any business. The right provider does more than solve technical issues—they help your business grow, adapt, and stay resilient in a changing technology landscape. Here’s what to look for, and why each quality matters: 

Proven track record and extensive knowledge 

Don’t settle for a provider who just lists years in business—look for a team that’s been in the trenches with companies like yours and can tell real stories about the challenges they’ve solved.  

Maybe they’ve: 

• Helped a fast-growing business migrate to the cloud without disrupting daily operations. 
• Stepped in to untangle a patchwork of outdated systems so a company could finally scale. 

The right partner will be able to share specific examples of how they’ve navigated tight budgets, rapid growth, or complex compliance needs for organizations in your industry. 

Ask them to walk you through a scenario where things didn’t go as planned, and what they did to get everything back on track. Look for evidence of creative problem-solving, not just a checklist of services. You want a provider who’s been tested by real-world issues and has the adaptability to support your business through whatever comes next. 

A provider’s true value shows up in the details: how quickly they respond in a crisis, how they help your team adopt new technology, and how they turn IT from a pain point into a strategic advantage. 

Comprehensive and tailored support 

The best managed IT service providers don’t just hand you a menu of generic offerings—they dig in to understand your business rhythms, your pain points, and the quirks of your team.  

Maybe you’ve got a remote workforce that needs lightning-fast help desk responses at odd hours, or a legacy system that’s the backbone of your operations. The right provider will craft support that fits, whether that means on-site troubleshooting, remote support that feels truly hands-on, or infrastructure management that anticipates your next growth spurt. 

Ask how they tailor their services for companies in your industry or of your size.  

• Do their support teams get to know your people by name?  
• Can they adapt as your needs shift?  

Look for a provider who’s flexible enough to become a true extension of your team—someone who sweats the details so you don’t have to. 

Proactive and reliable support solutions 

You don’t want an IT partner who’s only visible when things break. The standouts are the ones who quietly keep your business humming, spotting problems before you ever notice them.  

Maybe they alert you to a network slowdown before it impacts your staff, or roll out software patches overnight so your team wakes up to a safer, faster system. Proactive monitoring, regular check-ins, and a knack for anticipating issues are what set these providers apart. 

Ask for stories about times they’ve prevented a crisis, not just fixed one. How do they keep tabs on your systems? What’s their process for flagging and resolving issues before they escalate? You want a team that’s always thinking two steps ahead, so your business can focus on moving forward. 

Cloud and infrastructure skills 

Cloud and infrastructure management isn’t just about keeping the lights on—it’s about enabling your business to pivot, scale, and innovate without friction. The right provider has hands-on experience with: 

• Cloud migrations 
• Hybrid environments
• Data center operations 

Maybe they’ve helped a client seamlessly transition to cloud-based tools without significant downtime, or optimized infrastructure to support a sudden spike in remote workers. 

Ask about their certifications and the platforms they specialize in. Have they managed complex cloud environments or tackled tricky infrastructure upgrades? Look for a provider who’s not just keeping up with technology trends, but helping clients get ahead of them. 

Disaster recovery and business continuity 

When disaster strikes—whether it’s a server crash, ransomware attack, or natural disaster—you need more than a backup plan. You need a provider who’s battle-tested, with real-world stories of helping businesses bounce back fast.  

Maybe they’ve restored critical data after a hardware failure, or orchestrated a smooth recovery during a regional outage. Their approach to disaster recovery and business continuity should be both robust and realistic, tailored to your risk profile and business priorities. 

Ask them to walk you through their worst-day scenario. How quickly can they get you up and running? What’s their process for regular testing and updates?  

A strong provider will have robust disaster recovery plans, frequent data backups, and proven strategies for data protection. Don’t settle for vague assurances—ask for specifics about how they safeguard your operations and how quickly they can restore your data if the worst happens. 

Integrations and modern technology solutions 

The best managed IT providers help you integrate new tools, automate manual processes, and keep your systems current without disrupting your daily flow.  

Maybe they’ve guided a client through a digital transformation, or streamlined software management so updates happen seamlessly in the background. 

Ask for examples of how they’ve helped businesses adopt new technologies or improve workflows. How do they handle patch management and security software updates? Look for a provider who’s excited about what’s next and ready to help you stay competitive. 

Scalable solutions 

Growth shouldn’t mean excessive growing pains. The right IT partner builds flexibility into every solution, so you’re ready for whatever’s next—whether that’s opening a new location, onboarding a wave of new hires, or scaling back during a slow season.  

Maybe they’ve helped a client double in size without a major IT hiccup, or quickly adjusted services to match shifting business goals. 

Ask how their offerings adapt as your needs change. Can they scale support up or down without missing a beat? Look for a provider who’s as invested in your future as you are, ready to evolve alongside your business and keep your IT environment aligned with your ambitions. 

By focusing on these qualities, you can select a provider that not only addresses today’s challenges but also supports your long-term business success. 

5 tips to evaluate a Managed IT provider’s offerings 

When you’re considering a managed IT service provider, it’s easy to get lost in a sea of features and technical jargon. What really matters is how their solutions translate into tangible benefits for your business—keeping your team productive, your systems resilient, and your operations moving forward. 

There are several lanes where your provider should excel: 

1. Service delivery and support 

When evaluating an managed IT service provider, start by examining how they deliver and support their services. Look for a provider that offers a comprehensive suite of support services tailored to your business objectives, like: 

• 24/7 support: Your business doesn’t stop after hours, and neither should your IT support. A leading provider will offer true 24/7 help desk and remote support, ensuring that any issue—big or small—is addressed quickly, no matter when it occurs. Ask potential partners how they handle after-hours emergencies and what their average response times are for critical incidents. 
• Responsive, on time, proactive: Seek out a managed IT service provider known for rapid response and proactive monitoring. This includes real-time network monitoring, automated alerts, and regular system health checks to catch problems before they impact your business operations. Providers should be able to share metrics or customer satisfaction scores that prove their commitment to responsive, on-time service. 
• Flexibility: Every business is unique. The right partner will offer flexible support options—onsite for hands-on troubleshooting or offsite for efficient remote support. They should be able to adapt their offering to address your specific business challenges, whether that’s supporting a distributed workforce, integrating with legacy systems, or scaling support as your business grows. 

2. Caliber of IT knowledge, skill, and technology 

The strength of your provider’s skillset directly impacts your business success. You want a team with extensive knowledge, proven technical skills, and access to the latest technology solutions. 

• Certifications and experience: Look for a provider whose team holds industry certifications (like Microsoft, Cisco, AWS, or CompTIA) and has a proven track record supporting businesses similar to yours. Ask about their experience with technology solutions relevant to your industry and business size. 
• Advanced technology solutions: The best managed IT service companies stay ahead of the curve, offering access to cutting-edge tools for patch management, software management, and security software. They should be able to recommend and implement solutions that improve employee productivity and streamline business processes. 
• Continuous training: Technology evolves quickly. Make sure your provider invests in ongoing training so their team can support your digital transformation and keep your IT environment secure and efficient. 

3. Network and infrastructure management 

A stable, secure IT infrastructure is the backbone of your business. Your provider should offer comprehensive network support, infrastructure management, and proactive network monitoring to ensure business continuity and minimize downtime. 

• Proactive infrastructure management: Ask how they monitor your network and systems for potential issues, and what steps they take to prevent outages. Effective providers use proactive monitoring tools to detect and resolve problems before they disrupt your business. 
• Comprehensive support: From patch management to disaster recovery services, your provider should offer a full suite of infrastructure services. This includes regular maintenance, security updates, and data backup to keep your business protected and running efficiently. 
• Clear communication: Look for a provider who can explain their infrastructure management approach in plain language, outlining how they keep your systems reliable and what you can expect in terms of support and reporting. 

4. Cloud ability and hands-on experience 

Cloud computing is essential for modern business agility and growth. Your managed IT provider should demonstrate hands-on experience with cloud solutions, cloud management, and cloud environments. 

• Cloud migration experience: Ask about their experience migrating businesses to the cloud, including any challenges they’ve overcome and how they minimized disruption during the transition. 
• Cloud management and optimization: A strong provider will help you optimize your cloud environment for performance, security, and cost-effectiveness. They should offer ongoing cloud management, including regular reviews and recommendations for improvement. 
• Hybrid and multi-cloud support: If your business uses a mix of on-premises and cloud systems, make sure your provider can manage hybrid environments and integrate cloud solutions seamlessly with your existing infrastructure. 

5. Strategic, forward-thinking planning 

The difference between a vendor and a true partner is their ability to help you plan for the future. Look for a managed IT service company that offers consulting services and strategic planning aligned with your business goals. 

• Consulting services: The right provider will take time to understand your business processes, challenges, and long-term objectives. They should offer tailored consulting services, helping you align your IT strategy with your business growth plans. 
• Regular strategic reviews: Expect regular check-ins and strategic planning sessions to ensure your IT environment evolves alongside your business. This includes recommendations for digital transformation, infrastructure upgrades, and process improvements. 
• Proactive recommendations: Rather than waiting for you to request changes, your provider should proactively suggest technology solutions and improvements that support your business continuity and future success. 

By focusing on these actionable, specific service offering categories, you’ll be able to identify a managed IT service provider who not only meets your current needs but also supports your business growth and long-term objectives with a comprehensive, forward-thinking approach. 

Work with a trusted Managed IT provider 

Choosing the right managed IT provider is essential for keeping your business operations resilient, adapting to changes in the technology landscape, and driving long-term business success. The right partner does more than solve technical issues—they help you achieve your business objectives with comprehensive solutions, proactive support, and a true partnership approach. 

At BPM, we believe in empowering small and medium-sized businesses with tailored managed IT services that go beyond the basics. Our team focuses on understanding your unique needs, anticipating challenges, and delivering technology solutions that keep your business running smoothly today and as you grow. 

Don’t settle for less than a provider who’s committed to your success. Prioritize a partnership that offers extensive knowledge, scalable support, and a proactive mindset.  

Ready to see how BPM can help your business thrive? Contact us today to start the conversation and discover how our managed IT services can move your business forward. 

The relationship between project management and data analytics is highly interdependent.  The coupling of project management methodologies, with advanced data analytics techniques, is critical to delivering successful projects in our evolving data-driven business environment. 

The pace of data is like a firehose; you’re likely drowning in information but starving for insights. The challenge isn’t just gathering data—it’s transforming it into actionable intelligence to drive organizational change, fueled by project management. 

At BPM, we’ve seen firsthand how strategic data analytics implementation, coupled with project management, can revolutionize client operations, streamline processes, and unlock unprecedented growth opportunities. Through our work with diverse clients across industries, we’ve learned that successful project delivery starts with understanding your data and the story it tells about your business needs.    

People first – understanding stakeholders drives project success and long-term data strategy 

The foundation of any project begins with a fundamental question: who are your stakeholders, and what matters most to them? This stakeholder-first approach shapes project objectives, including  data strategy – from the metrics you track to the visualizations you create.  Our mission is to deliver projects in a way that enhances your long-term data strategy and provides sustainable business value. 

Most organizations already collect substantial amounts of data, but they’re often not capturing the right information or presenting it in ways that serve their stakeholders effectively.   We help you audit your existing data collection processes and identify gaps between what you’re measuring and what your stakeholders need to know, at the project level and from a long-term perspective. 

This alignment process involves: 

• Evaluating your current reporting systems and data sources 
• Identifying redundancies and inefficiencies in data collection
• Mapping stakeholder requirements to available data points 
• Prioritizing data initiatives based on potential impact and feasibility 

Data Analytics at each phase of the project lifecycle 

Aligning data analytics with project management methodologies establishes a data-driven framework for effective project planning and execution, positioning organizations for continuous improvement and long-term competitive advantage. 

The Data Analytics / Project Management Framework 

Project Phase	Data Analytics Activities	Project Management Activities	Deliverables
Initiating	Financial data analysis and operational data analysis	Identify business need based on data analytics; stakeholder analysis; define objectives	Business use case; project proposal
Planning	Baseline data and trend analysis	Document scope, schedule, cost estimate, identify resources, and develop risk management strategies	Comprehensive project plan
Executing	Initial KPI analysis	Coordinate resources, manage workflow and ensure that project deliverables are produced according to the plan	Project reporting; KPI dashboard
Monitoring & Controlling	Engagement metrics	Track project progress against plan, identify and manage deviations to the plan	Project reporting; KPI dashboard
Closing	ROI analysis; operational data strategy	Completion of work; document lessons learned; obtain formal acceptance from key stakeholders; establish operational readiness and plan for continuous improvement	Project documentation including ROI analysis; process documentation to support future operations; data strategy to capture and report meaningful data related to the operational change imparted by the completed project

Strategic project management, powered by data analytics, during business growth phases and beyond 

Organizations in growth phases face distinct challenges that demand structured and coordinated project management approaches. Whether preparing for an IPO, meeting new compliance requirements, or integrating multiple service lines, effective project management ensures alignment across complex initiatives while preserving operational efficiency. This discipline becomes especially critical during rapid growth, when systems and processes must scale quickly to support expanding demands. 

Areas where strategic project management adds value include: 

• Business transactions such as IPO and M&A 
• Audit assurance and readiness projects 
• Compliance implementation initiatives 
• System integration and migration projects 
• Cross-functional business process improvement initiatives 

To ensure that the project delivers business value in the long-term, data analytics solutions are implemented in conjunction with the project to ensure that results are easily measured and future opportunities for improvement are readily captured.  A data analytics solution represents more than a technological upgrade — it’s a fundamental shift toward more informed, agile, and strategic business management. By understanding your stakeholders’ needs, implementing appropriate data visualization and automation tools, and building teams with strong communication skills, you can transform project efforts into sustainable competitive advantage. 

The organizations that thrive in tomorrow’s business environment will be those that can quickly translate data insights into actionable strategies. This capability requires not just the right technology, but also the right processes, people, and strategic vision to guide implementation efforts. 

Implementing data analytics programs that deliver results 

Every organization’s data analytics journey is unique, which is why we customize our implementation approach based on your specific needs, resources, and objectives. Whether you’re looking for basic visualization tools or sophisticated automation systems, the key is building solutions that integrate seamlessly into your existing workflows. 

We can also help you design a data acquisition strategy that minimizes the need for cleaning and the difficulty of extracting data after it has been collected. 

Visualization and automation transform operations 

The right combination of data visualization and automation can dramatically improve your operational efficiency. We’ve seen clients save 15-20 hours each month by automating routine departmental reports. Their accounting teams are free to focus on strategic, value-added activities rather than manual data compilation. 

Real-time dashboards represent another powerful tool in the data analytics arsenal. Instead of waiting for monthly reports to understand your business performance, you can access immediate insights into your operations. This shift from retrospective analysis to real-time monitoring enables faster decision-making and more agile responses to market changes. 

Real-world applications demonstrate measurable impact 

The true value of data analytics becomes apparent when you see concrete examples of how it transforms business operations. Consider these scenarios where strategic data implementation delivered significant results: 

Streamlined reporting saves time and resources 

One client was spending excessive time each month compiling departmental reports manually. By implementing automated reporting systems, we helped them reclaim 15-20 hours monthly while improving report accuracy and consistency. This time savings allowed their team to shift focus toward analysis and strategic planning rather than data compilation. 

Real-time insights enable proactive management 

Another client needed better visibility into their operational performance. We developed a real-time dashboard that consolidated key metrics from multiple systems, providing immediate insights into their business health. This eliminated their reliance on outdated monthly reports and enabled proactive management decisions based on current data. 

Automation standardizes processes and reduces errors 

Through Python scripting and other automation tools, we’ve helped internal teams standardize report formats and eliminate manual errors.  

These automation projects save time, improve data quality and consistency across the organization, and simplify transferring process ownership to other employees when needed. 

Future trends shaping data analytics opportunities 

The data analytics landscape continues to evolve rapidly, creating new opportunities for organizations willing to embrace innovative approaches. As data becomes increasingly available and accessible, the potential for specialized insights grows exponentially.  Artificial intelligence is emerging as perhaps the most transformative force in this evolution.  

Our team is able to leverage large language models to automate tasks that involve complex decision-making steps traditionally only performed by humans. This enables organizations to extract insights from large datasets at an unprecedented speed and scale.  

AI-powered predictive analytics is moving beyond traditional forecasting to deliver real-time recommendations and automated decision-making capabilities. These systems can continuously learn from new data, adapting their models to changing business conditions without human intervention. Advanced AI techniques like deep learning are also enabling analytics on previously challenging data types, including unstructured text, images, and video content, opening entirely new categories of business intelligence. 

Perhaps most significantly, generative AI is beginning to transform how analysts work, automatically generating reports, visualizations, and even analytical hypotheses. This shift allows human analysts to focus on higher-value activities like strategic interpretation and business context, while AI handles routine data processing and initial analysis tasks. 

Demographic and market data unlock strategic advantages 

Future analytics applications extend beyond traditional financial and operational metrics. Organizations can now leverage demographic trends, market data, and external factors to make strategic decisions about everything from office locations to product development priorities. 

This expanded data universe means you can make more informed decisions about long-term strategic investments, market positioning, and resource allocation – including project selection. 

Ready to unlock the power of your projects with data analytics? Contact BPM today to discover how our data analytics and project management services can help you achieve more successful client outcomes and drive sustainable business growth. Our team is ready to work with you to develop customized solutions that align with your stakeholder needs and strategic objectives. 

Cyber risks never stand still—especially now, with bad actors developing more advanced threats every day.  

According to recent industry surveys, 87% of security professionals say their company has experienced an AI-powered cyber attack, and that number is only expected to grow as AI becomes more integrated into business operations. 

Cybersecurity is a 24/7/365 responsibility, and the resources required to do it well can add up fast. For many organizations, building a full in-house security team isn’t practical—or even possible. That’s where a managed security service provider (MSSP) comes in.  

In this article, we’ll explore how working with an MSSP can help you protect your business, meet compliance needs, and free your team to focus on what matters most.  

Who benefits most from an MSSP? 

The reality is that any business—regardless of size or industry—can benefit from an MSSP. Cybersecurity risks affect everyone, from small shops to large enterprises, across sectors like finance, healthcare, life sciences, nonprofits, real estate, and more. 

While cyber risks are universal, not every organization requires the same level of cybersecurity support. Those that see the greatest value from a managed security service provider (MSSP) are typically where the need for robust security outpaces internal resources or knowledge. 

This includes: 

• Emerging and mid-market companies often don’t have the budget or staffing to build a full-scale, in-house security team. For these organizations, an MSSP offers a practical path to professional-grade protection without the cost and complexity of hiring, training, and retaining specialized staff. 
• Rapidly growing businesses face new cyber risks as they scale. As operations expand and digital footprints grow, so do security and compliance challenges. MSSPs can scale their services to match these changing needs, ensuring security keeps pace with growth. 
• Highly regulated industries—such as healthcare, finance, and life sciences—must meet strict compliance requirements. MSSPs bring deep experience in managing regulatory frameworks and can help implement, monitor, and document the controls needed for audits and certifications. 
• Nonprofits and closely held businesses are often resource-constrained but still need to safeguard sensitive data and meet compliance standards. MSSPs provide access to advanced security technologies and skills that would otherwise be out of reach, allowing these organizations to focus on their mission or core business. 

By working with an MSSP, these organizations gain the freedom to focus on growth, innovation, and their core mission—knowing their security and compliance needs are in capable hands. 

5 key business benefits of working with an MSSP 

Choosing an MSSP is about more than just outsourcing security—it’s about empowering your business with specialized support, flexibility, and peace of mind. Here’s what organizations gain from this strategic alliance: 

1. Immediate access to specialized cybersecurity skills 

MSSPs give you direct access to a team of professionals who stay current on emerging threats, best practices, and the latest security technologies. This is especially valuable given the ongoing cybersecurity talent shortage and the increasing sophistication of cyber threats. 

Business impact: You stay ahead of evolving risks without the ongoing burden of recruiting and training in-house. 

2. Cost-effective, scalable security solutions 

Building an internal security operations center is expensive. MSSPs spread these costs across clients, making enterprise-grade security affordable—even for smaller organizations. Services are scalable, so you can increase or decrease coverage as your needs change. 

Business impact: Predictable, manageable costs and the ability to access advanced solutions without major capital investment. 

3. 24/7 monitoring and rapid incident response 

MSSPs operate around-the-clock security operations centers, providing continuous monitoring, threat detection, and incident response. This ensures your organization is protected outside of business hours, reducing the risk of undetected breaches. 
 

Business impact: Peace of mind and minimized downtime or financial loss if an incident occurs. 

4. Enhanced compliance and risk management 

MSSPs help you implement and document the security controls required by industry regulations, such as HIPAA or PCI-DSS. They provide ongoing vulnerability assessments, compliance monitoring, and audit support. 

Business impact: Reduced risk of regulatory penalties and a stronger security posture that builds trust with customers and partners. 

5. Empower internal teams to focus on core objectives 

By offloading day-to-day security management, your internal teams can concentrate on strategic initiatives and business growth. 

Business impact: Increased productivity and innovation across your organization. 

Example: How an MSSP could help a growing businesses 

Imagine a fast-growing SaaS company with 100 employees, eager to expand into new markets. Their small IT team is stretched thin—constantly reacting to security alerts, juggling regulatory requirements, and working hard to protect sensitive customer data. 

Before partnering with an MSSP: 

• The IT staff spends most of their time putting out fires, responding to threats, and trying to keep up with shifting compliance standards. 
• Leadership worries about the risk of a costly data breach and the mounting expense of hiring more security specialists. 

After engaging an MSSP: 

• The MSSP steps in with 24/7 monitoring, proactive firewall and endpoint management, and regular vulnerability scans. 
• The company receives clear, tailored compliance reports and skiled support for industry certifications. 
• IT staff are finally able to focus on product development and customer support instead of constant security firefighting. 
• The business continues to scale, confident that its security posture is managed by dedicated specialists—freeing leadership to pursue growth with peace of mind. 

Elevate your security posture with the right MSSP 

At BPM, we believe security should empower—not limit—your growth. Our people-first approach combines deep cybersecurity knowledge with a personal touch, so you get solutions tailored to your business, direct access to professionals who understand your industry, and proactive advice that anticipates what’s next.  

We’re committed to helping you, your colleagues, and your community thrive today as your needs evolve. Ready to see how an MSSP can help your organization grow with confidence?  

Connect with our security team to discuss your unique goals and discover the difference a dedicated, people-focused approach can make. 

In decentralized finance (DeFi), businesses encounter a distinct set of challenges related to accurate accounting and regulatory compliance. Unlike traditional financial systems, DeFi transactions—ranging from yield farming and liquidity providing to flash loans, staking rewards, and the use of smart contracts—occur across multiple blockchains and platforms.  

This decentralized nature, combined with the complexity of digital assets, DeFi tokens, and liquidity pool (LP) positions, makes it essential for financial institutions and organizations to implement robust DeFi accounting practices. 

As DeFi protocols and platforms continue to transform financial services, ensuring accurate records, reliable transaction history, and fair market value assessments is critical for tax compliance and supporting business growth.  

8 best practices for DeFi accounting 

Whether you’re tracking transaction fees, capital gains, or the total value of your crypto assets, adopting specialized tools and sound record-keeping will help you stay compliant while unlocking the full value of your DeFi activities. 

1. Implement robust transaction tracking systems 

In the decentralized finance (DeFi) space, financial transactions span multiple blockchains, protocols, and decentralized platforms. The decentralized nature, combined with the rapid growth of digital assets, makes manual record-keeping nearly impossible for accurate accounting and regulatory compliance.  

To help ensure compliance, maintain accurate records, and support business growth, it’s essential to implement a robust transaction tracking system that addresses the unique challenges of DeFi transactions. 

Look for:  

• Automated data capture: Use specialized tools or software that integrate directly with blockchain technology to automatically track and record all DeFi transactions in real time. This includes swaps, liquidity providing, staking rewards, lending, and more. 
• Cross-chain visibility: Ensure your system provides visibility across all blockchains and DeFi protocols where you operate—including Layer 2 solutions, sidechains, and major networks like Ethereum, Polygon, and Binance Smart Chain. This is crucial for businesses operating on multiple blockchains or using both centralized exchanges and decentralized exchanges.  
• Transaction categorization: Automatically classify transactions by type—such as swaps, liquidity pool additions/removals, staking, yield farming, NFT purchases, and more. Proper categorization supports accurate accounting, tax compliance, and fair market value assessments. For instance, DeBank and Integral can sort transactions and provide detailed breakdowns by protocol, asset, and activity.  

Your transaction tracking system should also provide a complete audit trail with timestamps, wallet addresses, token quantities, USD values, and transaction hashes for every DeFi interaction. 

2. Document your accounting policies 

Establishing clear, written accounting policies is essential for any organization operating in the decentralized finance (DeFi) space. Comprehensive documentation ensures accurate accounting, supports regulatory compliance, and provides a strong defense during audits or tax examinations. Consider: 

Asset Classification 

Clearly define how you classify digital assets, DeFi tokens, LP tokens, and non-fungible tokens (NFTs).Most crypto assets are treated as intangible assets under current accounting standards, but some may qualify as investments or, in rare cases, as financial assets depending on their characteristics and use. 

For example, tokens used for liquidity providing or staking rewards are typically classified as intangible assets, while assets held for trading on decentralized exchanges may be considered investments. 

Revenue Recognition 

Specify when and how to recognize income from DeFi activities such as yield farming, liquidity pool participation, staking rewards, and lending. Revenue recognition in DeFi can be complex due to the continuous and automated nature of smart contracts. Policies should align with established standards (e.g., ASC 606 or IFRS 15), recognizing revenue when it is earned and measurable. 

For instance, income from providing liquidity to a pool should be recognized as it accrues, while rewards from yield farming are recognized when received or claimable. 

Fair Value Determination 

Establish robust methodologies for determining the fair market value of DeFi positions, LP tokens, and other digital assets. Fair value is typically defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. 

Use observable market data from reputable decentralized platforms or price oracles when available. For illiquid assets, document the valuation techniques and inputs used, such as discounted cash flows or comparable market transactions. 

Cost Basis Calculations 

Define and document the method used to calculate the cost basis for DeFi transactions—such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), or Specific Identification. FIFO and Specific Identification are generally accepted for tax compliance in the U.S., while other methods may be used for internal reporting or in other jurisdictions. 

Maintain detailed transaction history and accurate records to support your chosen method, especially when operating across multiple blockchains and DeFi protocols. Well-documented policies provide consistency across reporting periods and defend your approach during audits or tax examinations. 

3. Master fair value measurement 

Determining fair market value for DeFi positions is a critical aspect of accurate accounting, tax compliance, and regulatory reporting. Here’s how to approach fair value measurement for various DeFi activities.  

• Liquidity pool positions: Calculate the fair value of liquidity pool (LP) tokens based on the current market value of the underlying assets plus any accumulated transaction fees. Adjust for impermanent loss, which can impact the total value of your position due to price fluctuations between the paired assets. Use real-time data from decentralized exchanges and price oracles to ensure accurate records and fair market value reporting 
• Yield farming positions: Value yield farming positions by considering both the staked assets and any accrued but unclaimed rewards. The fair value should reflect the total value of assets locked in smart contracts, as well as the market price of any additional tokens or rewards earned. Automated tools and dashboards can help track these values across multiple blockchains and DeFi platforms, supporting accurate accounting and tax compliance. 
• Governance tokens: For governance tokens and other DeFi tokens, use volume-weighted average prices from reputable decentralized exchanges or data aggregators with sufficient liquidity. This approach ensures that your valuation reflects fair market value and aligns with best practices for financial transactions in the DeFi space.  
• Derivatives and options: When valuing DeFi derivatives or financial options, apply appropriate option pricing models and adjust for DeFi-specific risks such as protocol vulnerabilities, liquidity constraints, and market volatility. Document all assumptions and inputs used in your calculations to ensure transparency and support regulatory compliance.  

As a general rule of thumb, use observable market data whenever possible, such as prices from decentralized exchanges, blockchain transaction history, and third-party price feeds. This aligns with the fair value hierarchy, prioritizing Level 1 and Level 2 inputs over unobservable Level 3 inputs 

Document your valuation methodology and maintain records of all inputs and calculations used to determine fair value at each reporting date. 

4. Separate economic activities 

In decentralized finance (DeFi), a single transaction often involves multiple economic activities—each with unique accounting and tax implications. A single DeFi transaction can include: 

• Asset Exchange: Swapping one DeFi token or crypto asset for another, often on decentralized exchanges. This is typically a taxable event, potentially resulting in capital gain or loss. 
• Investment: Providing liquidity to a pool or protocol, which may involve receiving LP tokens representing your share of the pool. This is an investment activity and may affect your cost basis and future capital gains. 
• Revenue Generation: Earning transaction fees, incentive tokens, or staking rewards as a liquidity provider or participant in yield farming. These are generally recognized as ordinary income at the time they are received or claimable. 

Break each transaction into its component parts for proper accounting. This “substance over form” approach ensures each economic activity receives appropriate treatment despite being executed in a single blockchain transaction. 

5. Account for gas fees appropriately 

Gas fees are a core part of DeFi transactions, directly impacting the cost and efficiency of interacting with decentralized platforms, smart contracts, and blockchain technology. Apply these best practices: 

Capitalize gas fees for asset acquisition 

When gas fees are incurred to acquire digital assets—such as purchasing DeFi tokens, providing liquidity, or minting NFTs—add these fees to the cost basis of the asset. This increases your cost basis, which can reduce future capital gains when the asset is sold or swapped. 

Expense gas fees for income-generating activities 

Gas fees paid to claim staking rewards, harvest yield farming income, or receive airdrops should be expensed against the related income. This approach aligns with how transaction fees are treated in traditional finance and supports accurate accounting for DeFi activities. 

Allocate gas fees proportionally for multi-purpose transactions 

If a single transaction serves multiple purposes—such as swapping tokens and providing liquidity in one step—allocate the gas fees proportionally based on the value or nature of each activity. This ensures each component is accurately reflected in your transaction history and financial record.  

Keep in mind that gas fees paid in cryptocurrency (e.g., ETH) are considered a disposal event, potentially triggering a capital gain or loss on the asset used to pay the fee. Always track the fair market value of the crypto used for gas at the time of the transaction and adjust your cost basis accordingly. 

For business or professional DeFi activities, gas fees may be deductible as a business expense. For personal investments, they typically adjust the cost basis but are not directly deductible. Always report gas fees on relevant tax forms (e.g., IRS Form 8949 in the US) and maintain accurate records for each blockchain transaction.  

6. Apply consistent tax lot identification methods 

Choosing the right tax lot identification method is essential for accurate accounting, tax compliance, and optimizing your capital gains or losses in the decentralized finance (DeFi) space.  

The method you select determines how gains and losses are calculated when you sell, swap, or otherwise dispose of digital assets, DeFi tokens, or LP tokens across multiple blockchains and DeFi platforms. 

Common methods include: 

• First In, First Out (FIFO): This method assumes the oldest units of your crypto assets are sold or exchanged first. FIFO is straightforward and often the default for many accounting systems. In a rising market, FIFO can result in higher taxable gains, as older assets typically have a lower cost basis. 
• Specific Identification: With this approach, you identify the exact units being disposed of by wallet, acquisition date, and cost basis. This method offers flexibility and can be used to strategically match sales to specific purchases, potentially minimizing your tax liability. However, it requires meticulous record keeping, including dates, amounts, wallet addresses, and fair market values for each transaction. 
• Highest In, First Out (HIFO): HIFO assumes the highest-cost units are sold first, which can minimize taxable gains and reduce your overall tax burden. This method is particularly useful for active traders or businesses managing large portfolios of digital assets. Like specific identification, HIFO requires detailed tracking and is only allowed if you can substantiate each transaction.  

Select a method that aligns with your overall tax strategy, document your choice, and apply it consistently across all DeFi platforms. 

7. Create a comprehensive reconciliation process 

Regular reconciliation prevents discrepancies between your accounting records and on-chain activity. Here’s what this could look like: 

• Weekly wallet reconciliations: Compare your recorded wallet balances to actual on-chain holdings across all blockchains and DeFi platforms. This step ensures your transaction history and digital asset records are up to date, helping you quickly identify missing or duplicate entries, unauthorized transactions, or errors in your financial transactions. 
• Monthly protocol reconciliations: Verify your positions in liquidity pools, lending platforms, staking contracts, and other DeFi protocols. This includes confirming the value of LP tokens, staking rewards, and yield farming positions, as well as checking for any unclaimed rewards or changes in your DeFi positions. 
• Quarterly comprehensive reviews: Conduct a deep reconciliation of all DeFi activities, including cross-chain transactions, flash loans, and complex financial options. This comprehensive review should match your general ledger, transaction history, and cost basis calculations against blockchain data, ensuring your records reflect the true state of your digital assets and DeFi tokens. 

Automated reconciliation tools can compare your general ledger balances with blockchain data, flagging discrepancies for investigation. 

8. Develop appropriate disclosure frameworks 

Enhanced disclosures help financial statement users, regulators, and stakeholders understand the nature, risks, and performance of your DeFi activities, including: 

• Nature and purpose: Explain why you engage in DeFi activities and how they support business objectives 
• Risk exposures: Disclose smart contract, counterparty, market, liquidity, regulatory, and impermanent loss risks 
• Fair value hierarchy: Classify DeFi positions within the fair value hierarchy (Level 1, 2, or 3) based on the observability of inputs used in valuation.  
• Disaggregated performance: Present returns and performance metrics separately for each major DeFi strategy (e.g., yield farming, lending, liquidity provision). Provide details on income sources and include historical performance data, volatility measures, and any significant events. 

For crypto assets that qualify under ASC 350-60, follow the specific presentation and disclosure requirements for fair value reporting, including the name, cost basis, fair value, and number of units for each significant holding. 

Transform your DeFi accounting with BPM 

From implementing automated tracking solutions to developing custom accounting policies, our team supports companies at every stage of DeFi adoption. We help translate complex on-chain activities into properly structured financial records that satisfy both compliance requirements and management information needs. 

Contact BPM today to ensure your DeFi activities receive the specialized accounting treatment they require. 

The One Big Beautiful Bill Act, signed into law on July 4, 2025, has fundamentally changed the landscape for human resources professionals and their organizations. If you’re an HR leader, this legislation presents both unprecedented opportunities and complex challenges that demand immediate attention. The Act’s provisions around eliminating federal income taxes on qualified tips and overtime compensation through 2028 represent more than just tax policy—they’re reshaping how you think about compensation, recruitment, and retention strategies. 

The implications extend far beyond simple tax savings. Both the overtime and tips provisions are retroactive to January 1, 2025, meaning your employees will receive refunds for qualified wages already earned this year. This creates an immediate opportunity to demonstrate value to your workforce while positioning your organization as forward-thinking in your approach to employee benefits. 

The transformation of service industries: Tips without the tax burden 

Industries reliant on tips—including waitresses and waiters, rideshare and food delivery drivers, taxi drivers, beauticians, and hairdressers—now have a compelling new recruitment tool at their disposal. The Act allows individuals to deduct up to $25,000 in qualified tips annually, with the average tipped worker saving approximately $1,300 per year. 

For organizations in these sectors, this represents a fundamental shift in how you can approach compensation conversations. You’re no longer just offering a base wage plus tips—you’re offering a tax-advantaged income stream that significantly enhances take-home pay without increasing your labor costs. 

Strategic considerations for tip-heavy industries 

The immediate question becomes: how do you leverage this advantage in your hiring and retention efforts? Consider these approaches: 

• Recruitment messaging: Highlight the tax advantages in job postings and interviews, positioning your organization as offering premium earning potential 
• Retention conversations: Use the retroactive benefits as a demonstration of your commitment to employee financial wellbeing 
• Competitive positioning: Emphasize how your tipped positions now offer significantly better net compensation than non-tipped alternatives 

Treasury will publish a list of occupations that customarily and regularly receive tips within 90 days of the Act’s signing, providing clarity on which roles qualify for these benefits. 

Healthcare and essential services: The overtime opportunity 

The overtime provisions create equally compelling opportunities, particularly for industries that rely heavily on overtime work. About 4.8 million veterans work in overtime-eligible jobs, with approximately 1.4 million regularly working overtime hours. Employees can now deduct up to $12,500 annually ($25,000 for married filing jointly) of their overtime premium pay. 

This has profound implications for healthcare organizations, emergency services, and other essential industries where overtime is both common and necessary. The average hourly worker eligible for overtime benefits will save approximately $1,400 annually. 

Rethinking overtime strategy 

With the reduced tax burden of working overtime hours, many more workers may be willing to take additional shifts. This creates new opportunities for addressing staffing challenges while providing employees with more attractive earning potential. 

Consider these strategic shifts: 

• Shift scheduling: Evaluate whether offering more overtime opportunities could improve both staffing coverage and employee satisfaction 
• Recruitment for overtime-eligible positions: Position these roles as offering enhanced earning potential through tax-advantaged overtime 
• Cross-training programs: Develop employees’ skills to take advantage of overtime opportunities across departments 

The administrative complexity: What your payroll team needs to know 

While the benefits are clear, the administrative requirements are substantial. Employers will need to adjust payroll systems to accurately track and separately report qualified tips and overtime amounts on W-2 forms. Currently, overtime pay is not recorded separately from regular wages on Form W-2, creating an immediate systems integration challenge. 

Key implementation requirements 

Your payroll operations will need to address several critical changes: 

• Separate tracking systems: Implement processes to distinguish between regular wages and qualified overtime/tip income 
• W-2 reporting modifications: Update forms to separately report these amounts for employee tax filing 
• System integration: Work with payroll providers to accommodate new reporting requirements 

For 2025, the Act includes a transition rule allowing employers to use “any reasonable method” specified by the Treasury Secretary to estimate qualified overtime and tips. The Treasury Department will issue guidance on acceptable estimation methods for the retroactive period. 

Classification reviews: The exempt employee dilemma 

One of the most significant strategic challenges involves employee classification. Certain occupations are ineligible for the overtime deduction, specifically those working in Specified Service Trade or Business (SSTB) under Section 199A, including accounting, healthcare, law, consulting, financial services, and others. 

For eligible employees, the tax advantages create a compelling case for reclassification. Exempt employees may request to become non-exempt to access tax-free overtime benefits. This requires careful analysis of: 

• Fair Labor Standards Act compliance: Evaluation of job duties and responsibilities 

• Operational impact: How reclassification affects workflow and management structure 

• Cost-benefit analysis: Weighing increased administrative complexity against employee satisfaction and retention benefits 

Compensation strategy redesign: A win-win approach 

The Act opens possibilities for innovative compensation structures. One strategic approach involves reducing regular hourly rates while encouraging more overtime work that qualifies for tax advantages. This can benefit both employers and employees when implemented thoughtfully. 

Developing new compensation models 

Consider these approaches for maximizing the Act’s benefits: 

• Flexible scheduling: Offer compressed work weeks that naturally create overtime opportunities 
• Project-based overtime: Structure special projects or seasonal work to take advantage of tax-free overtime 
• Cross-departmental opportunities: Create systems for employees to pick up overtime shifts across departments 

Important limitations and considerations 

While the opportunities are significant, understanding the limitations is crucial for proper implementation: 

• Federal income tax only: The deductions apply only to federal income taxes. Employees and employers remain responsible for Medicare and Social Security taxes 
• Income phase-outs: Both deductions phase out when modified adjusted gross income exceeds $150,000 ($300,000 for married filing jointly) 
• FLSA requirements: Only overtime required by the Fair Labor Standards Act qualifies, not voluntary overtime or overtime required by state laws or collective bargaining agreements 
• Premium pay only: Only the premium portion of overtime (the “half” in “time-and-a-half”) qualifies for the deduction 

Taking action: Your next steps 

Organizations that move quickly to understand and implement these changes will gain significant competitive advantages in recruitment and retention. 

Here’s what you should prioritize immediately: 

1. Payroll system assessment: Evaluate your current systems’ ability to track and report qualified tips and overtime separately 

2. Employee classification review: Analyze which positions might benefit from reclassification and the associated implications 
3. Communication strategy: Develop messaging to help current and prospective employees understand these new benefits 

4. Policy updates: Revise employee handbooks and compensation policies to reflect new opportunities and requirements 

The complexity of these changes underscores the importance of working with experienced professionals who understand both the technical requirements and strategic opportunities these provisions create. 

Partner with BPM for strategic implementation 

The new provisions around tips and overtime represent both tremendous opportunity and significant complexity. At BPM, our team of tax, advisory, and HR professionals can help you navigate these changes strategically, from payroll system implementation to compensation strategy redesign. 

Whether you’re looking to maximize recruitment advantages, redesign compensation structures, or address the administrative challenges of compliance, we’re here to help you turn this legislation into a competitive advantage. 

Ready to discuss how the One Big Beautiful Bill Act can benefit your organization? Contact BPM today to schedule a consultation with our HR advisory team. Together, we can develop a comprehensive strategy that positions your organization for success in this new era. 

The largest generational wealth transfer in history is underway, reshaping the landscape for wealthy families, financial advisors, and family offices across the United States.  

Over the next two decades, an estimated $124 trillion in net wealth is expected to pass from the Silent Generation and Baby Boomers to Gen X, Millennials, and Gen Z, with the vast majority of these assets concentrated among high-net-worth and ultra-high-net-worth households.  

This great wealth transfer is more than just a shift in financial assets; it represents a generational shift in values, investment decisions, and approaches to wealth management. For family offices, this moment presents both unprecedented opportunities and complex challenges.  

The transfer of large sums—ranging from traditional investments and private equity to real estate and cash—demands careful planning, collaboration with tax professionals, and a deep understanding of the needs and expectations of younger investors and future generations.  

As wealthy Americans consider how best to distribute their assets, questions about inheritance, charitable giving, and the long-term value of their legacy are more pressing than ever. 

Today, we’ll explore the scale, impact, and evolving dynamics of generational wealth transfer, offering insights and strategies for family offices seeking to navigate this historic transition and empower the next generation. 

What is the great wealth transfer?  

The great wealth transfer is a historic economic phenomenon currently underway in the United States, representing the largest intergenerational transfer of assets in history.  

According to the latest projections from Cerulli Associates, approximately $124 trillion in wealth will change hands through 2048, with $105 trillion flowing directly to heirs and $18 trillion going to charitable organizations. 

Nearly $100 trillion—representing 81% of all transfers—will come from Baby Boomers and older generations as they pass their accumulated wealth to younger generations. This massive shift is already underway, with approximately $1.5 trillion to $2 trillion being transferred annually, representing around 1% of total household wealth each year. 

Who’s giving and who’s receiving? 

The wealth transfer isn’t distributed evenly across the population. High-net-worth and ultra-high-net-worth households, which make up only 2% of all U.S. households, will account for more than $62 trillion (over 50%) of the total transfers.  

This concentration reflects the broader wealth distribution in America, where the wealthiest 10% of households will give and receive the vast majority of assets, with the top 1% holding approximately as much wealth as the bottom 90%. 

Looking at the generational breakdown: 

• Baby Boomers will transfer approximately $53 trillion, representing 63% of all transfers 
• The Silent Generation will pass down about $15.8 trillion 
• Millennials will inherit the most over the next 25 years, receiving approximately $46 trillion 
• Gen X will inherit more in the near term—$14 trillion over the next decade compared to millennials’ $8 trillion in the same 10-year period 

Notably, a significant portion of this inherited wealth will first pass to spouses before eventually reaching younger generations. Projections show that $54 trillion will transfer horizontally (intra-generationally) to spouses, with nearly $40 trillion going to widowed women in the baby boomer and older generations. 

What asset classes are being transferred the most? 

The great wealth transfer encompasses various asset classes that wealthy families have accumulated over decades: 

• Real estate holdings, including primary residences, vacation properties, and investment properties 
• Financial assets, including stocks, bonds, and cash investments 
• Private equity and alternative investments 
• Business interests and intellectual property 
• Personal property, including collectibles, art, and other valuables 

This diverse mix of assets creates complex planning challenges for families and their advisors, particularly as younger generations may have different priorities and investment preferences than their parents and grandparents. 

How will this change financial approaches and investment priorities?  

As the great wealth transfer accelerates, younger generations are redefining what inherited wealth means and how it should be managed. These rising investors are more proactive, confident, and optimistic about their financial futures, with many seeking to play an active role in investment decisions and family wealth planning.  

Unlike previous generations, they are more likely to embrace “giving while living,” prioritizing charitable giving, impact investing, and values-based wealth management as core components of their financial strategies. 

This generational shift is also transforming asset allocation. Millennials and Gen Z are moving beyond traditional investments, showing increased interest in private equity, alternative asset classes, and sustainable investing—often seeking both strong returns and positive social impact. For family offices, understanding these evolving expectations is key to preparing heirs for responsible stewardship of inherited assets. 

Unique complexities of significant wealth distribution 

Successfully transferring generational wealth involves far more than simply passing assets from one generation to the next. Family offices and wealthy families face a range of complex challenges—legal, financial, and interpersonal—that can significantly impact the preservation and growth of inherited assets. 

Legal and tax complexities 

Legal and tax complexities 

One of the most pressing challenges in wealth transfer has been transformed by the passage of the One Big Beautiful Bill Act in July 2025. The One Big Beautiful Bill Act permanently increased the federal estate and gift tax exclusion to $15 million per individual ($30 million for couples) beginning in 2026, providing significant certainty for estate planning. 

This legislation prevented the automatic decrease in the basic exclusion amount that would have occurred on January 1, 2026, when the Tax Cuts and Jobs Act provisions were set to expire. Without this action, the estate tax exclusion would have dropped to an estimated $7 million per individual. The new $15 million exemption level is permanent and will be indexed for inflation using 2025 as the base year for future adjustments. 

This permanent increase dramatically changes the landscape for wealthy Americans, as the higher basic exclusion amount represents the value of property that individuals can give away or leave after death without having any gift tax or estate tax imposed on the transfer. The legislation provides long-term planning certainty that was previously unavailable under the temporary TCJA provisions. 

Family dynamics and communication 

Family dynamics can be just as challenging as legal and tax issues. Research shows that the vast majority—up to 95%—of wealth transfer failures are attributed to communication breakdowns, unprepared heirs, and a lack of shared vision, rather than poor financial decisions.  

Disagreements over inheritances, differing financial philosophies, or unresolved conflicts can lead to disputes, legal battles, and even the erosion of family relationships.  

For many families, these challenges are compounded by generational gaps, with older investors sometimes reluctant to discuss wealth openly and younger generations feeling excluded or unprepared to manage inherited assets. 

Governance and succession planning 

Establishing robust governance structures and clear succession plans is essential for ensuring a smooth transition of wealth. Without well-defined roles, responsibilities, and decision-making protocols, families risk inefficiencies and conflicts that can jeopardize both the continuity of wealth management and family unity.  

Succession planning should identify and mentor potential successors, clarify the authority of beneficiaries, and ensure all family members understand the long-term vision for the family’s assets and legacy. 

Financial literacy and education 

A lack of financial education among heirs is a common issue that can undermine the long-term sustainability of inherited wealth. Younger generations who have not been adequately prepared may struggle with investment decisions, risk management, and the complexities of diverse asset classes, including private equity, traditional investments, and real estate.  

Family offices can address this by prioritizing financial education, organizing workshops, and fostering open dialogue to empower heirs with the knowledge and confidence needed to steward wealth responsibly. 

Managing complexity and diversification 

As family wealth grows, so does its complexity. Managing a diversified portfolio of financial assets, business interests, and philanthropic endeavors requires sophisticated strategies and specialized knowledge.  

Family offices must coordinate with financial advisors, tax professionals, and legal counsel to optimize asset allocation, navigate regulatory compliance, and mitigate risks across multiple asset classes.  

Leveraging technology and external advisors can help families stay ahead of market changes and regulatory shifts, ensuring that wealth is preserved and positioned for strong returns across generations. Addressing these issues proactively—with clear communication, robust planning, and ongoing education—empowers families to preserve their legacy, minimize conflict, and ensure a successful transfer of assets to future generations. 

Best practices for successful generational wealth transfer 

Transferring wealth across generations is most successful when it’s guided by clear values, thoughtful planning, and ongoing communication. Here are key best practices for family offices and wealthy families looking to preserve and grow their legacy: 

• Start planning early and revisit often: Begin the wealth transfer conversation well before any transition is imminent. Early planning allows families to clarify their vision, align on values, and identify the aspirations of both current and future generations. Regularly review and update your estate plan to reflect changes in family structure, tax laws, and market conditions. 
• Establish robust governance and open communication: Create clear governance structures—such as family constitutions, mission statements, and regular family meetings—to support decision-making and reduce the risk of conflict. Open dialogue ensures that heirs understand both the responsibilities and opportunities that come with inherited wealth, and helps maintain family unity through generational shifts. 
• Prioritize financial education and next-generation involvement: Prepare heirs by integrating financial literacy programs, mentorship, and hands-on experience in investment decisions. 
• Leverage tax-efficient strategies and professional guidance: Work with financial advisors, tax professionals, and estate attorneys to implement strong family office structures like trusts, family limited partnerships, and charitable vehicles. These tools can help minimize estate and generation-skipping transfer taxes, optimize asset allocation, and help efficiently pass assets to future generations. 
• Align wealth transfer with family values and legacy goals: Incorporate philanthropic giving, impact investing, or incentive-based trusts to reflect the family’s mission and encourage responsible stewardship.  

By focusing on these best practices, family offices can preserve family harmony and ensure that wealth continues to benefit both heirs and the broader community for years to come.  

How family offices should prepare 

The generational wealth transfer is reshaping the landscape for family offices, bringing both new opportunities and evolving challenges. Looking ahead, several trends and priorities are set to define success for family offices and wealthy families. 

First, technology will play an increasingly central role. As younger generations expect real-time access, intuitive digital tools, and seamless communication, family offices must invest in secure, user-friendly platforms that bridge the digital gap between older and younger investors.  

Succession planning and leadership transitions remain top priorities. With lifespans increasing and family structures growing more complex, successful family offices are focusing on robust governance, targeted education, and proactive development of the next generation. Preparing heirs with both financial acumen and interpersonal skills—such as negotiation and conflict resolution—will be critical for long-term stability. 

Protect your family’s wealth today, tomorrow, and well into the future with BPM 

At BPM, we understand that generational wealth transfer is about more than passing assets—it’s about empowering your family’s future. As the great wealth transfer accelerates, our people-first approach ensures you have a dedicated team of professionals who see beyond the numbers to what truly matters: your family’s goals, values, and legacy. 

We combine deep knowledge, innovative strategies, and a personal touch to help you navigate the complexities of wealth distribution, tax planning, and investment decisions. With BPM’s Family Office team, you gain more than access to world-class solutions—you gain a partner who listens, understands, and tailors every recommendation to your unique situation. 

Let’s start the conversation about your family’s future—reach out today.